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Swiber seeks further extension of deadline to announce Q2 results

SWIBER Holdings, currently under judicial management, has requested for more time to announce its unaudited second-quarter financial results.

PHOTO: SPH

SWIBER Holdings, currently under judicial management, has requested for more time to announce its unaudited second-quarter financial results.

The group, which on Aug 25 asked Singapore Exchange for an extension until Nov 14 to announce the results for the three months ended June 30, has submitted an application to further extend this to May 6, 2017.

The judicial managers have been engaging with creditors, potential investors and other stakeholders to identify and safeguard property and assets, realise and dispose such assets, and negotiate on ongoing projects, among others, the group said.

The judicial managers are still in the process of reconciling signficant intercompany balances and accounts with various parties, and will need more time to review and understand the group's financial affairs, it added.